GE T&D stock falls 5%, hits lower circuit as promoters announce 15.6% stake sale via OFS at ₹1,400 floor price

GE T&D’s stock dropped 5% to ₹1,606.85 at 9:41 AM on the NSE after the company announced that its promoters will sell up to 15.6% of their stake through an Offer for Sale (OFS) at a floor price of ₹1,400 per share. This news triggered a sell-off as investors reacted to the potential dilution of equity. The OFS is part of the promoters’ strategy to reduce their holdings in the company.